Hi Friends This is Ravi Varma In this article I will tell about section 194j. Let’s start, Definition of Section 194j According to Income Tax ACT, when we pay professional fees, technical fees, royalty to any person, then we deduct TDS under section 194j and deposit it to the government. […]
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Who is the assessee? Definition of section2(7)
Hello guys This is Ravi Verma, in this article I will tell you about the assessee. let’s start Who is the assessee? Section 2(7) of the Income Tax Act 1961 states that the person who is counted under this act is called an assessee. In other words, eighty is the […]
Continue readingRebate under 87a of income tax ACT
Hello, This is Ravi Verma, In This Article, I will tell you about what is the benefits of section 87a. This rebate can be availed only by a Resident of an Indian Person and that person should be an individual, then his income up to 500000 is tax-free, and it […]
Continue readingHow to calculate TDS on salary? Income tax deduction from section 80C to 80U.
Hi guy’s This is Ravi Varma, in this article I will tell you how to calculate TDS on salary. Let’s start, How can we make TDS on salary structure? S.NO Particular AMT 1 Gross Total Income XXXX 2 Less: Deduction allows u/s80cto80u (XXXX) 3 Taxable income XXXXX 4 income tax […]
Continue readingWhat is TDS on salary? How to deposit TDS on salary online on the government portal
This is Ravi Verma, In this article, I will tell you how to deposit TDS for salary through online mode. What is TDS on salary? When the salary of any person crosses the threshold limit, then the government levies the tax on his salary, which we call TDS. Who Is […]
Continue readingAfter how many days of filing TDS we can download Form 16A?
Hello this is Ravi Verma In this article, I will tell you that after how many days of filing TDS we can generate Form 16A from the TRACES portal. After how many days we should download Form-16A When we file our return, after 3 to 4 days we have to […]
Continue readingit compliance certificate u/s 206ab/206cca
Hi guy’s This is Ravi Varma, in this article I will tell you how to download the IT compliance certificate u/s 206ab/206cca Let’s start, By following these steps, you can download the IT certificates and also take new registration. Please Go to the income tax portal and enter your log […]
Continue readingHow to generate a new TDS challan for payment of interest and late filing fees?
Hi guy’s This is Ravi Varma, in this article I will tell you about how to create a new TDS correction challan for the payment of interest & late filing fees Let’s start, Why do we need to generate a TDS challan for the rectification of outstanding demands? If we […]
Continue readingHow to Pay Interest and Late Filing Fee on Trace in an online way | late filing fee u/s 234E | Interest on late payment?
Hi guy’s This is Ravi Varma, in this article I will tell you about how to pay interest & late filing fees Let’s start, When we make monthly payments of TDS late due to any reason, then interest starts charging on us. (If we do not deposit the TDS AMT […]
Continue readingHow to generate form 16A on traces portal
Hi guy’s This is Ravi Varma, in this article I will tell you about how to download form 16A on the traces portal. Let’s start, When we deduct the TDS of a person who is not related to salary, then in this case we have to issue him Form 16A, […]
Continue readingHow to do TAN registration on the new Income Tax Portal 2021 | How to register as TDS/TCS Deductor on the new Income Tax Portal 2021
Hi guy’s This is Ravi Varma, in this article I will tell you about the new TAN registration on the new income tax portal. Let’s start, I will tell you how you can register your TAN number on the new income tax portal in a very easy way. Please follow […]
Continue readingHow to register on the TRACES portal as a new user?
Hi guy’s This is Ravi Varma, in this article I will tell you about the Traces site. Let’s start, What are the documents required to take registration on TRACES? Most important You have availed TAN number of your Firm. You have to your latest TDS Return statements. You should have […]
Continue readingHow to Create CSI files on the OLTAS site?
Hi guy’s This is Ravi Varma, in this article I will tell you about how to create a CSI file on the OLTAS site. Let’s start, Step 1:- First of all, we have to type the OLTAS challan status on our browser/chrome and click on search. Step 2:- You will […]
Continue readingHow to file TDS return on new income tax portal
Hi guy’s This is Ravi Varma, in this article I will tell you about how to file a TDS return. Let’s start, (A) Why is it necessary for us to file a TDS return? When we deduct the TDS of any person and deposit it to the government, then in […]
Continue readingWhat is the penalty for TDS
Hi guy’s This is Ravi Varma, in this article I will tell you what is the penalty for TDS. Let’s start, When a person’s salary crosses the threshold limit set by the government, then the government has to pay tax what we call TDS. And if a person does not […]
Continue readingTDS/TCS online return filing Due date for the financial year 2021-2022, and the assessment year 2022-2023
Hi guy’s This is Ravi Verma, in this article I will let you know about the due date for filing TDS/TCS online returns. Due Date for filing TDS returns Quarter Filing Month 2021-2022 End date for filing TDS returns Starting date for Filing TDS returns Relaxations 01st 1st April – […]
Continue readingHow to pay monthly TDS under section 194J (fees for professional and technical services)
Hi guy’s This is Ravi Verma, In this blog, we are writing about TDS under section 194J (fees for professional and technical services) let’s start”, What do you understand by TDS monthly payment? We can say this in simple language in this way that when we take service from a […]
Continue readingWhat does section 206AB tell us?
Introduction of section 206Ab in income tax ? Section 206A tells us that if you have not filed your income tax return for the last 2 years, your TDS will be charged at double the rate. Means if a taxable person whose TDS is being deducted and he is not […]
Continue readingSection 149Q (TDS on purchase of Goods)
Introduction of Section 149Q The government of India has given notice to all to deduct TDS on the purchase of goods from 1st July 2021. If a resident person buys goods in excess of the Threshold limit, then TDS will be levied on the purchase of goods by the seller […]
Continue readingProcedure to change directorship in a company
To change directors of any company, we have to visit the ministry of corporate affairs (MCA) site and follow some procedures, with the help of which we can change the directorship of any company. In the event of resignation from the post of Director, the Ministry of Corporate Affairs (MCA) […]
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